The Canopy

“A fight” over new coal and gas looming

Written by Greenpeace Australia Pacific | Sunday, 29 January 2023

Greens leader Adam Bandt will throw down the gauntlet to the Federal Government in a speech to be given to the Smart Energy Council today, warning of “a fight over new coal and gas this year”. Bandt is threatening to block enabling legislation for the government’s key climate policy, the safeguard mechanism, over the inclusion of new coal and gas projects.

Last week US activist investment group Hindenburg Research released a bombshell report that accused the Adani Group of purportedly carrying out fraud for years on end. Since then, Asia’s richest man, Gautam Adani, has seen his empire plummet by $70 billion, while Hindenburg dares the Adani Group to sue, hoping it opens the coal giant to further scrutiny.

NSW Treasurer Matt Kean is preparing to issue orders requiring the state’s coal exporters to hold back 7-10 percent of their export volume and set it aside for domestic power stations. Mining giant BHP has told workers at a NSW coal mine that those orders could lead to the mine’s early closure.

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